“I Gave (and Gave) at the Office”
It’s awfully hard to buy the line that banks may not have — ahem — strictly complied with the letter of the law in foreclosing upon hundreds of thousands of homes because they were understaffed.
Let’s see . . .
Take the staggering compensation earned by guys like Ken Lewis (ex-CEO of Bank of America) and Jamie Dimon (current CEO of JP Morgan Chase) — call it, conservatively, $200 million apiece since 2000; divide by what a real worker — not a “Burger King” flunkie — makes (call it $40,000 a year); and what do you get?
Money for 5,000 foreclosure positions at each bank.
Think that would have avoided a few problems??
P.S.: what would the government do to an airline that paid its executives millions while neglecting basic plane maintenance and safety?
If there then was a crash — and we’re still dealing with the consequences of a horrific (financial) crash — you can bet that there’d be hell to pay (not billions in bailout money, with virtually no questions asked).
